Canada’s exchange traded funds have pulled in US$10.1 billion in new assets setting a new record. The last time a record was set was during the same period in 2012. The latest figures mark the 11th consecutive month of positive net inflows.
The Canadian ETF industry had 373 ETFs/ETPs, with 522 listings, assets of US$66.5 Bn, from 12 providers on 1 exchange at the end of October 2015, according to ETFGI’s Global ETF and ETP insights report for October 2015.
In the first ten months of 2015 record levels of net new assets were gathered by ETFs/ETPs with net inflows of US$287.3 billion which made for a 22.3% increase over the prior record set at this time last year.
Deborah Fuhr, managing partner at ETFGI, an independent researcher, said: “Equity markets performed well globally in October: the Dow was up 9%, the S&P 500 was 8%, all 10 sectors of the S&P 500 were up for the month, developed markets gained 7%, emerging markets were up 8%. Investors put net money into riskier assets including emerging market equities in October.”
iShares, a family of exchange-traded funds managed by BlackRock, gathered the largest net ETF/ETP inflows in October with US$346 million. They were then followed by BMO Global Asset Management who brought in US$314 million.